Overnight
Overview
What is Overnight?
Overnight finance offers yield-bearing stablecoin products on several EVM blockchains. Overnight was founded by Maxim Ermilov and launched in 2021.
How does Overnight work?
Users mint USD+, USDT+ & DAI+ by depositing USDC, USDT or DAI. Deposited stablecoins get deployed into different yield money market strategies generating yield (supply-side fees). Overnight also offers more actively managed ETSs that deploy funds into different delta-neutral yield farming strategies.
Who governs Overnight?
Overnight Governance owns and governs the protocol. They currently take a 20% performance fee from profits generated by ETSs (revenue). Overnight Governance also has a right to collect token rebases for USD+, USDT+ & DAI+ that are held in liquidity pools.
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.